Commercial Property with Flexible
568 Shaw Street Howard City, MI 49329
For Sale
Contact for pricing
Commercial-zoned property with residential use not permitted, suitable for business, retail, office, or service-based uses.
Property Size1,100 SF
Price / SF$208.18
Days on Market157
Property Features for 568 Shaw Street
General Information
- Standard status
- Active
- Size
- 1,100 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1945
Listing Agency:
Ensley Real Estate
(616) 299-3933
Listed By:
Patrick Ensley
Source:
Crexi
Added: Feb 16
Changed: Jul 22
Last Checked: Jul 23 at 8:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ensley Real Estate
Investment Insights
Based on property information with market context.
568 Shaw Street in Howard City, MI is a commercial-zoned property positioned for convenient access to major roadways. The site is presented as flexible for a range of commercial activities, including business, retail, office, and service-based uses, with residential use not permitted under the current zoning regulations.
The offering includes a property size of 1,100 and is being marketed for buyers seeking a commercially aligned site with visibility and accessibility for customers and clients. For potential tenants or owner-users, the most important takeaway is that the current zoning supports commercial uses while restricting residential uses.
The offering includes a property size of 1,100 and is being marketed for buyers seeking a commercially aligned site with visibility and accessibility for customers and clients. For potential tenants or owner-users, the most important takeaway is that the current zoning supports commercial uses while restricting residential uses.
Key Highlights
- Commercial‑zoned property at 568 Shaw St in Howard City, MI
- Year built: 1945
- Residential use is not permitted under current zoning regulations
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.0k | $19.08 |
| − Vacancy | −$4.2k | −$3.78 |
| EGI | $16.8k | $15.30 |
| − OpEx | −$4.2k | −$3.83 |
| NOI | $12.6k | $11.48 |
1,100 SF · lease $19.08/SF/yr · vacancy 19.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$180.3K
$157.8K – $210.4K
NOI $12,624 @ 7.0% cap · market cap 5.51%
Second Best
Retail
$163.1K
$142.7K – $190.3K
NOI $11,419 @ 7.0% cap · market cap 4.99%
Theoretical Best
Self Storage
$15.22M
$13.32M – $17.76M
NOI $1,065,635 @ 7.0% cap · market cap 465.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Commercial-zoned property with residential use not permitted, suitable for business, retail, office, or service-based uses.
Where is this office units located?
The property is located at 568 Shaw Street Howard City, MI.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Commercial‑zoned property at 568 Shaw St in Howard City, MI; Year built: 1945; Residential use is not permitted under current zoning regulations
